Photo courtesy of stat.uz
In 2024, investments in Uzbekistan’s economy grew by 1.3 times compared to the previous year, exceeding $36 billion. President Shavkat Mirziyoyev announced these figures during a meeting on December 19, which focused on evaluating the year's investment activities and outlining plans for 2025.
This year’s significant investment influx enabled the launch of 560 large- and medium-scale projects worth a total of 70 trillion Uzbek soms (over $5.5 billion), laying the groundwork for an additional $1 billion in exports next year.
Projections for 2025 indicate that investments could reach $43 billion, supporting over 300 major projects and the production of 662 new import-substituting product lines.
Mirziyoyev emphasized the importance of targeted efforts with foreign investors and the need to create favorable conditions for their operations. Currently, the government is managing 1,890 projects, each assigned to specific officials for acceleration.
Given the challenging international environment, external trade has also been prioritized. Uzbekistan aims to double its annual export volume to $45 billion by 2030. This will be achieved through the timely implementation of investment projects, increasing the production of high-value goods, and expanding export markets.
Since 2017, Uzbekistan has attracted $188 billion in investments, including $87 billion in foreign contributions. This growth has increased the share of investments in GDP to over 30%, becoming a cornerstone for the country's sustainable economic growth.
